When the news came out, it caused an uproar. Meitu also began to "speculate"? Or "pave the way" for entering the blockchain? Meitu said that these purchases were made according to a cryptocurrency investment plan previously approved by the company's board of directors, which allowed the Group to purchase cryptocurrency with a net amount of no more than US$ 654.38 billion, and the source of funds was the company's existing cash reserves (but not the rest of the company's initial public offering).
However, many netizens did not buy the explanation of Meitu. Some netizens commented, "Tesla bought 30,000 yuan, Meitu bought 50,000 yuan, and speculated on coins." "Speculation on coins is called layout blockchain, so buying a few Q coins is not just social layout, but recharging a few dollars in Aauto is called layout live broadcast." It is considered that Meitu's purchase of bitcoin is pure currency speculation.
Another netizen, cue, visited Buffett. "The fact is that Bitcoin has changed the lives of many people, and they still enjoy it. I hope Buffett can alert them. "
Facing the query of netizens, Meitu explained the reason for investing in cryptocurrency in the announcement: the board of directors thinks that cryptocurrency has enough room for appreciation. At this time, by allocating part of its cash reserves to cryptocurrency, it can be used as a risk of diversifying cash holdings in fund management (the depreciation pressure brought by the sharp increase of money supply by central banks around the world in fund management). In addition, the board of directors believes that this can show investors and stakeholders the ambition and determination of the Group to accept technological innovation, thus preparing for entering the blockchain industry.
Shortly after the announcement, Cai Wensheng, chairman of Meitu Company, wrote in a circle of friends that Meitu Company continued to lay out the blockchain and purchased ETH and BTC digital currency this time as a value reserve for the long-term development of the blockchain strategy. At the same time, Cai Wensheng also said, "Someone must be the first to eat crabs. This should be regarded as the first listed company in Hong Kong to purchase BTC digital currency, and it is also regarded as the first listed company in the world to use ETH Ethereum as a currency value reserve. " Words are full of confidence. After all, this is not the first time that Cai Wensheng has launched Bitcoin.
Cai Wensheng is one of the first venture capitalists to join the blockchain. He and Xue Manzi (Xue Biqun) have been friends for many years. He used to be the rotating leader of the famous "three o'clock sleepless blockchain" group. In 20 14, he invested in Ou Yi OKEx (one of the world-famous digital assets trading platforms) and bought the first bitcoin in his life. When the blockchain was hot, Cai Wensheng, who had a keen sense of smell, wrote in a circle of friends: The bottom structure of the blockchain is mathematical logic, the middle thought is philosophical thinking, and the highest level is theological belief.
Cai Wensheng believes that the essence of blockchain is P2P-based technology, and it is also a new business model generated by Internet technology. He also knows that the blockchain at that time belonged to the bubble period, but the bubble was also a catalyst to promote the technological revolution. In his view, Bitcoin covers all mankind in the world, and the scale of the storm is the largest, so if it is a bubble, it must be the biggest bubble in human history. Therefore, the changes it brings may also be global. Cai Wensheng said, I don't know whether digital currency will be the greatest success in the future, but it has just begun, and not participating is the biggest risk. Just like not entering the Internet in 2000, you will miss the Internet world.
Under the guidance of Cai Wensheng, Meitu began to set foot in the blockchain from 20 18. 20 18 18 Meitu officially released a white paper on blockchain solutions. According to the white paper, Meitu will create an ecosystem based on blockchain and AI technology, and create a decentralized, secure and encrypted identity pass for users. In February of the same year, Meitu Xiu Xiu tried to combine blockchain with Internet products, and launched the first blockchain product to support the mainstream Bec wallet in digital currency.
However, the layout of the blockchain failed to save the fact that Meitu's performance declined. According to public information, before listing, Meitu continued to lose money in 20 13, 20 14 and 20 15, with losses of 258 10/00000 yuan,1770000 yuan and 2.22 billion yuan respectively. In 20 15 and 20 16 years, Meitu's mobile phone contributed more than 90% of Meitu's revenue. However, outside the mobile phone, the active users of Meitu did not bring corresponding benefits. Since 20 17, Meitu's share price has been falling all the way, from the second half of 20 19 to 2020, even hovering around 1 HK$ for a long time. 2065438+April 2009, Meitu made another amazing move, closing the mobile phone business and exclusively licensing the brand of Meitu mobile phone to Xiaomi. According to the semi-annual report of 2020, Meitu Company achieved operating income of 558 million yuan and net profit of 24.94 million yuan. However, Meitu's online advertising business achieved revenue of 365.438+09 billion yuan in the first half of the year, down 65.438+02. 1% year-on-year. In monthly active user data, Meitu Xiu Xiu increased by 4.2% compared with the previous year, but beauty cameras decreased by 1.3% and beauty photos decreased by 20.2%.
In the face of years of losses, Meitu fell into confusion. Where is the company's new hope? Since 202 1, Bitcoin has broken the $50,000 mark, which is undoubtedly a good way for Cai Wensheng and Meitu who are familiar with the currency circle to "save themselves". It seems that way? The average price of Meitu's purchase of Ethereum is 1.473 USD/piece, which is about 9,500 RMB/piece; The average price of purchasing bitcoin is $47,200/piece, which is about RMB300,000/piece. On the morning of 10, the price of Bitcoin exceeded $55,000, and the latest offer of Ethereum was1$770 per piece. This means that Meitu's investment in Ethereum and Bitcoin has a floating profit of US$ 4.455 million and US$ 2.9562 million respectively, with a total floating profit of US$ 7,465,438+0.10.20 million. Really responded to the comments of netizens. "What company is still in business? It is better to speculate. "
However, the cryptocurrency market is unstable, and the share prices of enterprises that have announced their entry into the cryptocurrency market will also be affected. On March 8, when Hong Kong stocks opened, Meitu's share price soared to HK$ 3.08, up about 14.4%. However, as of 4 pm on March 8, Meitu's share price had fallen back to HK$ 2.54. This situation is quite similar to Tesla's "March" into Bitcoin a month ago. On February 8th, after Tesla announced that it would invest $65.438+$50 million in Bitcoin, the transaction price of Bitcoin ushered in a round of skyrocketing. However, on the morning of 2 1 day, the price of bitcoin plummeted 10%, and then rose again. On the evening of the 22nd, Bitcoin suffered another short-term plunge. As the price of Bitcoin plummeted, Tesla's share price also "dived".
At the beginning of 20021,the stock funds were all green, but the bitcoin market was booming. It is not surprising that Cai Wensheng wanted to be the first person to eat crabs. But does Meitu, which has suffered losses for years, have the same confidence as Tesla to accept the plunge and skyrocketing of Bitcoin? How long can bitcoin's soaring dividend last? How many companies will continue to eat?
# Ou Yi OKEx# # Bitcoin [Chaohua] # # digital currency #